First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Up 1.1% - Here's What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) shot up 1.1% during mid-day trading on Tuesday . The stock traded as high as $54.21 and last traded at $54.13. 8,043 shares changed hands during trading, a decline of 83% from the average session volume of 46,307 shares. The stock had previously closed at $53.53.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The company's 50-day moving average is $51.49 and its 200-day moving average is $54.37. The firm has a market cap of $104.10 million, a price-to-earnings ratio of 12.70 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.3069 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a yield of 2.36%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QABA. Private Trust Co. NA lifted its position in First Trust NASDAQ ABA Community Bank Index Fund by 290.5% during the 4th quarter. Private Trust Co. NA now owns 660 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares during the period. Waverly Advisors LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $208,000. Blueprint Investment Partners LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $225,000. Simplicity Wealth LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $225,000. Finally, Mach 1 Financial Group LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $229,000.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.